Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 6 contracts
Samples: Director Retirement Agreement (Independent Bank Corp), Director Retirement Agreement (Peoples Federal Bancshares, Inc.), Director Retirement Agreement (Peoples Federal Bancshares, Inc.)
Death During Active Service. If the Director dies while in the active service of the BankBank before reaching Normal Retirement Age, the Bank shall pay to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 6 contracts
Samples: Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Director Retirement Plan Agreement (Malvern Federal Bancorp Inc), Director Retirement Plan Agreement (Malvern Federal Bancorp Inc)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary Director's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 2 contracts
Samples: Retirement Agreement, Retirement Agreement (Dutchfork Bancshares Inc)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary Director's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 2 contracts
Samples: Director Emeritus Agreement (Lawrence Financial Holdings Inc), Director Retirement Agreement (Lawrence Financial Holdings Inc)
Death During Active Service. If the Director dies while in the active service of the BankBank as a Director, the Bank shall pay to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 2 contracts
Samples: Supplemental Director Retirement Agreement (BCSB Bancorp Inc.), Supplemental Director Retirement Agreement (BCSB Bancorp Inc.)
Death During Active Service. If the Director dies while in the active service of the BankBank and the Holding Company, the Bank shall pay to the Beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 1 contract
Samples: Salary Continuation Agreement (Appalachian Bancshares Inc)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary Director’s beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2.
Appears in 1 contract
Samples: Director Retirement Agreement (Fairfield County Bank Corp.)
Death During Active Service. If the Director dies while in the active service of the Bank, the Bank shall pay to the Beneficiary Director's beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Lifetime Benefits of Article 2.
Appears in 1 contract
Samples: Director Retirement Agreement (Juniata Valley Financial Corp)
